Board Meeting4 Jul 2026, 02:00 pm
New Markets Avenue Ltd Converts 53 Lakh Warrants to Equity Shares
AI Summary
New Markets Avenue Limited announced the outcome of its Board Meeting held on July 4, 2026. The board approved the conversion of 53,00,000 warrants into 53,00,000 equity shares of face value Rs. 10 each at par on a preferential allotment basis. These shares were allotted to five non-promoter public entities. The company also approved the appointment of M/s. Ramesh Chandra Bagdi & Associates as the Secretarial Auditor for FY 2026-27.
Key Highlights
- 53,00,000 warrants converted into equity shares.
- Allotment made on preferential basis to non-promoter public.
- Appointment of Secretarial Auditor for FY 2026-27 approved.
- BSE in-principle approval for conversion received on Oct 20, 2025.
Price Impact
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